Trade Deficit Shrinks in March
The Commerce Department reported that the U.S. trade deficit narrowed 5.6% in March to $58.2 billion, due to a sharp reduction in imports. The weak U.S. economy cut demand for imports by 2.9%, the largest one-month decline since December 2001, one month after the last recession ended. The import drop was led by a 5.9% decrease in America's foreign oil bill. Imports of autos and a variety of other consumer goods from furniture to toys to clothing also fell, reflecting the struggling economy. Exports declined in March to $148.5 billion, still the second highest level on record but down 1.7% from the all-time high set in February. The politically sensitive deficit with China dropped 12.4% to $16.1 billion, the smallest level in two years. U.S. exports to China were led by sales of medical testing equipment and computer chips. In addition, imports of Chinese products dropped sharply, reflecting lower demand for cloths, textiles and toys.
Return to:
Factoring, Credit and
Economy News
Date Last Updated: 05/16/2008 |
 |
|
|
|
|
|
|
|
|
|
Charter Capital services many industries. Here are just a few of the industries
we are currently financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get cash
with Freight Bill Factoring from Charter Capital. We purchase your freight bills
and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
We can help you grow your staffing company with unlimited payroll funding ,
whether you're a start up or a multi-million dollar
temp-staffing agency. Our
clients provide staffing for various industries including Professional, Office
Services, Medical, and Manufacturing.
Security Firms
Demand for security services in the USA is on the rise. Be financially prepared
to gain your share with a FactorLine facility only from Charter Capital.
Manufacturing
If your business is a manufacturing plant, distributor,
packaging company, or
any business that invoices to credit worthy customers, then a FactorLine from
Charter Capital can accommodate the working capital funding needs of both new
manufacturing companies as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology
consulting and staffing firms are great candidates for our FactorLine accounts receivable
funding service, enabling you to increase your cash flow without the need
for bank loans. We are always adding new industries and will consider factoring
service providers in any industry.
|
|
|
|
